Mapletree Commercial Trust raises $184 million for acquisition

The well-flagged deal triggers a slight gain in the unit price in the aftermarket. Meanwhile, the chairman of Haitian sells $100 million worth of shares in the maker of plastic moulding machines.

Mapletree Commercial Trust raises $184 million for acquisition

Mapletree Commercial Trust MCT, a Singapore-listed real estate investment trust Reit focusing on a combination of retail and office properties, has raised S$225 million $184 million from a follow-on share issue to fund its earlier announced acquisition of a 19-storey office building named Mapletree Anson.

This is MCT’s first acquisition since it went public in April 2011 and will bring the total number of assets in its portfolio to four. The placement was...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...